Do you agree with the view point that small scale business can survive in a competitive market ? Give reasons to support your answer.

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Solution

Yes, the small scale business can survive in a competitive market. Following points of SSIs make way for their scope and survival in a competitive market

(i) Personal attention

(ii) Best utilisation of limited resources

(iii) Flexibility of operation

(iv) Individual attitude

(v) Trap the suppliers of large scale business

(vi) Take the advantage of social utility.

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